Massachusetts
13 November 2017
Reporter: Lorella Fava

SRS acquires Barbados captive manager


Strategic Risk Solutions (SRS) has acquired the operations of CGE Group, a Barbados captive manager.

CGE services captives and other international business entities owned by Canadian and US organisations. The business was formed in 2003 by Chris Evans, who will continue to serve at CEO of the business.

The CGE acquisition is SRS’s first operation in Barbados.

Brady Young, President and CEO of SRS commented: “We believe that Barbados is well suited to our captive management model and establishing an operation [with CGE] will allow us to expand our reach among North American captive owners, particularly in Canada.”

Evans added: "I have got to know Brady Young and the SRS operations over the past few months and have been very impressed with the depth of resources, professionalism and client focus of the firm.”

All staff of CGE will remain with the firm.

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
XL Catlin appoints new captive director in Asia
17 November 2017 | Hong Kong | Reporter: Becky Butcher
XL Catlin has hired Shiwei Jin as its global programme and captive regional director in Asia
Advantage Insurance hires duo
17 November 2017 | San Juan | Reporter: Becky Butcher
Advantage Insurance has appointed Colin Devine to its board of directors
‘Exciting developments’ in South Carolina’s captive industry
17 November 2017 | Charleston | Reporter: Becky Butcher
Jay Branum of the South Carolina Department of Insurance has revealed the state has “very positive and exciting developments” for its captive insurance industry
‘Explosive growth’ for Tennessee’s captive market
17 November 2017 | Nasville | Reporter: Lorella Fava
After rewriting its captive statute back in 2011, the captive insurance market in Tennessee has seen “explosive growth”, according to the state’s insurance commissioner Julie Mix McPeak
L&C appoints Kate Miller as head of institutions
16 November 2017 | London | Reporter: Lorella Fava
London & Capital (L&C) has appointed Kate Miller as head of institutions
KBRA Europe registered by ESMA
15 November 2017 | Dublin | Reporter: Becky Butcher
Kroll Bond Rating Agency Europe has officially been registered as a credit rating agency by the European Securities and Markets Authority (ESMA), effective 13 November
Captive insurance scholarships awarded in Bahamas
14 November 2017 | The Bahamas | Reporter: Lorella Fava
The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) has selected two recipients for the Associates in Captive Insurance designation scholarships